Refurbished Fitness Equipment Market Synopsis

Refurbished Fitness Equipment Market Size Was Valued at USD 1.6 Billion in 2023, and is Projected to Reach USD 2.6 Billion by 2032, Growing at a CAGR of 5.7% From 2024-2032.

Used fitness equipment consists of equipment that has been edged up used before just like the refurbished ones but these are different in a way that machines or devices that have been refurbished have undergone through a through inspection, repair, and replacement of parts that may have worn out or are proved to be faulty during inspection. Most of these items are washed, and they are checked, likely to be working, and they may be accompanied by new parts of operation. Refurbished equipment enables people to save money as compared to purchasing new fitness equipment while having the equipment of high quality and sturdiness.

• Fitness equipment that is renewed may consist of tread mills, elliptical trainers, exercise bikes, weights, and others that are found in gyms. Used fitness equipment can also work as quite a useful option often guiding people through saving money due to the fact of purchasing a new equipment. It is a must that the refurbished equipment be bought from a recognized supplier who has carried out rigorous tests to check the competency of the equipment before sale.
• The economic factor is well in play due to the COVID-19, where the trend of having fitness and exercise machines has been on the rise as people seek to exercise and stay fit while observing social distancing measures and staying at home. The shutdown of gyms and other sport and workout centers is another reason seen to have increased the demand of home gym equipment. In addition, one can note that having a healthy regime and strengthening ones’ immune system is a crucial aspect which has become more evident during the pandemic.
• Over the past few years, people have learned the impact of health and fitness and thus the development of several fitness centers and gyms. As more people pay attention to their issues of figure, flexibility, and strength and seek to have a healthy body, it can be seen that the society has a steady need for Fitness centers that provide various solutions, apparatus, programs, as well as aerobics. The use of social media and the effects of fabulous fitness persons and celebrities also contributed to go to the gyms and fitness centers. Lately the fitness journey is being posted on different social platforms, thus encouraging people to take up this activity as part of their routine.
• However, today many PCs and fitness centers have responded to these changes by correctly allowing the consumers a multitude of choices as far as exercising is concerned, they have incorporated the group exercise program, trainer led programs and also special programs for the youth and senior citizens as well as the beginners and the middle aged group. This has made fitness more appealing to the people and almost everyone is embracing it. Consciousness on health and fitness among consumers has grown considerably and thus, the demand for gyms and fitness centers will further expand in the near future in consideration to the fiscal year ended in 2015.

Refurbished Fitness Equipment Market Trend Analysis

Increasing prevalence of obesity and weight-related disorders

• Consumers are participating in fitness activities in higher numbers than before due to rising cases of obesity and weight related diseases and disorders. Or exceeding appropriate weight and illnesses that relate to gaining weight are global issues affecting the world today and exercising can help in reducing the effects of these illnesses. While awareness of the consequences of being over weight or bio obese is becoming rampant, more individuals are embracing fitness activities in a bid to have proper health status. This has also seen many gyms and fitness centers also embrace to this trend through provision of programs and classes meant for weight loss as well as disease management.

Rise of technology and wearable fitness devices

• The use of technology and mobile health and fitness wearable devices has also helped people in the improvement of fitness tracking and motivation to exercise. Fitness applications, smart wrist bands and any wearable gadgets show the degree of exertion, calories and other activity’s related parameters, which assist the individuals in maintaining proper fitness routines. The continuously rising number of cases of obesity and weight related disorders and diseases is making consumers engage more in fitness activities and this will persist in future due to rising awareness on the importance of exercise.

Refurbished Fitness Equipment Market Segment Analysis:

Refurbished Fitness Equipment Market Segmented based on Type, End User, and Distribution Channel.

By Type, cardio equipment segment is expected to dominate the market during the forecast period

• Depending on the Type, the Refurbished Fitness Equipment Market can be derived into Cardio Equipment, Weight Training Equipment, and Others. Cardio occupied more than one half of the position in the size of refurbished fitness equipment market in the year 2022. This could be due to the appeal of cardio items such as treadmills, cross-trainers, and stationary bikes to consumers.
• The refurbished weight training fitness equipment market is also likely to rise with the highest strongest CAGR during the next year. This could be as a result of increase consumers’ preferences for weight training and other strength related exercises, and relatively cheaper refurbished products.

By End User, residential segment held the largest share in 2023

• Based on End User, the Refurbished Fitness Equipment Market has been classified into Residential and Commercial. The application of refurbished fitness equipment for residential purpose elevated in 2022 mainly because people are more interested in setting up their home gyms and fitness centers. This is due to the outbreak of the COVID-19 pandemic that affected many gymnasiums and fitness centre, making the consumers to resort to purchasing home fitness equipment.
• Also, overall the ease of assembly used refurbished fitness equipment made it an appealing idea to consumers who wished to construct home gyms and fitness centers given that they could afford to purchase the equipment of their choice cheaply. Due to this, the residential refurbished fitness equipment segment was the leading segment in the year 2022. Consumers can also be expected to keep investing in home gyms and fitness centres in future when the covid-19 pandemic is over. This has potentially created a very good market for the refurbished fitness equipments industry especially in the provision of affordable home use fitness equipment.

Refurbished Fitness Equipment Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America was the biggest market for refurbished fitness equipment based on sales volume in the year 2022. This can be so attributed to the fact that the region has the largest manufacturers and refurbishers of fitness equipment in the world. For this reason, some of the prominent players in the refurbished fitness equipment industry, namely Johnson Health Tech, Matrix Fitness, and Life Fitness among others, are found in North America. This has gone a long way in putting this region on the map in terms of fitness equipment manufacturing and refurbishing hence bolstering with growth and development.
• North America has a large consumer group, which has a high capacity to afford fitness equipment hence is a suitable market for both new manufacturers of fitness equipment and those who engage in refurbishing of used fitness equipment. This together with increase in health consciousness and focus on home fitness and need to get equipment at an affordable price has boost the market for refurbished fitness equipment in the region. Also North American market share is expected to remain the dominant position in the refurbished fitness equipment market, due to steady growth in the overall region in the forecast period due to the improvement of health and awareness for fitness, requirement for low cost of refurbished fitness solutions and tendencies related to home and commercial gym and fitness clubs.

Active Key Players in the Refurbished Fitness Equipment Market

• Fitness Superstore, Inc.,
• THINK Fitness Co., Ltd.
• FITLINE INDIA PVT. LTD
• Pro Gym Supply, Inc.
• FitKit UK Ltd
• F1 RECREATION
• USA Fitness Equipment Depot
•  GLOBAL FITNESS, INC.
• Johnson Health Tech.Co,Ltd.
• AME Fit Equipment
• Best Used Gym Equipment
• Grays Fitness, Rebirth Fitness
• Gymkit UK
• Gym Experts
• Primo Fitness
• UK Gym Equipment Ltd.
• Myhomefitness.ie
• Brunswick Corporation, Other Key Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Refurbished Fitness Equipment Market by Type
 4.1 Refurbished Fitness Equipment Market Snapshot and Growth Engine
 4.2 Refurbished Fitness Equipment Market Overview
 4.3 Cardio Equipment
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Cardio Equipment: Geographic Segmentation Analysis
 4.4 Weight Training Equipment
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Weight Training Equipment: Geographic Segmentation Analysis
 4.5 Others
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Others: Geographic Segmentation Analysis

Chapter 5: Refurbished Fitness Equipment Market by End User
 5.1 Refurbished Fitness Equipment Market Snapshot and Growth Engine
 5.2 Refurbished Fitness Equipment Market Overview
 5.3 Residential
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Residential: Geographic Segmentation Analysis
 5.4 Commercial
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Commercial: Geographic Segmentation Analysis

Chapter 6: Refurbished Fitness Equipment Market by Distribution Channel
 6.1 Refurbished Fitness Equipment Market Snapshot and Growth Engine
 6.2 Refurbished Fitness Equipment Market Overview
 6.3 Offline
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Offline: Geographic Segmentation Analysis
 6.4 Online
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Online: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Refurbished Fitness Equipment Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 FITNESS SUPERSTORE INC
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 THINK FITNESS CO LTD
 7.4 FITLINE INDIA PVT LTD
 7.5 PRO GYM SUPPLY INC
 7.6 FITKIT UK LTD
 7.7 F1 RECREATION
 7.8 USA FITNESS EQUIPMENT DEPOT
 7.9 GLOBAL FITNESS INC
 7.10 JOHNSON HEALTH TECH CO LTD
 7.11 AME FIT EQUIPMENT
 7.12 BEST USED GYM EQUIPMENT
 7.13 GRAYS FITNESS
 7.14 REBIRTH FITNESS
 7.15 GYMKIT UK
 7.16 GYM EXPERTS
 7.17 PRIMO FITNESS
 7.18 UK GYM EQUIPMENT LTD
 7.19 MYHOMEFITNESSIE
 7.20 BRUNSWICK CORPORATION
 7.21 OTHER KEY PLAYERS

Chapter 8: Global Refurbished Fitness Equipment Market By Region
 8.1 Overview
 8.2. North America Refurbished Fitness Equipment Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Type
   8.2.4.1 Cardio Equipment
   8.2.4.2 Weight Training Equipment
   8.2.4.3 Others
  8.2.5 Historic and Forecasted Market Size By End User
   8.2.5.1 Residential
   8.2.5.2 Commercial
  8.2.6 Historic and Forecasted Market Size By Distribution Channel
   8.2.6.1 Offline
   8.2.6.2 Online
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Refurbished Fitness Equipment Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Type
   8.3.4.1 Cardio Equipment
   8.3.4.2 Weight Training Equipment
   8.3.4.3 Others
  8.3.5 Historic and Forecasted Market Size By End User
   8.3.5.1 Residential
   8.3.5.2 Commercial
  8.3.6 Historic and Forecasted Market Size By Distribution Channel
   8.3.6.1 Offline
   8.3.6.2 Online
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Refurbished Fitness Equipment Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Type
   8.4.4.1 Cardio Equipment
   8.4.4.2 Weight Training Equipment
   8.4.4.3 Others
  8.4.5 Historic and Forecasted Market Size By End User
   8.4.5.1 Residential
   8.4.5.2 Commercial
  8.4.6 Historic and Forecasted Market Size By Distribution Channel
   8.4.6.1 Offline
   8.4.6.2 Online
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Refurbished Fitness Equipment Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Type
   8.5.4.1 Cardio Equipment
   8.5.4.2 Weight Training Equipment
   8.5.4.3 Others
  8.5.5 Historic and Forecasted Market Size By End User
   8.5.5.1 Residential
   8.5.5.2 Commercial
  8.5.6 Historic and Forecasted Market Size By Distribution Channel
   8.5.6.1 Offline
   8.5.6.2 Online
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Refurbished Fitness Equipment Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Type
   8.6.4.1 Cardio Equipment
   8.6.4.2 Weight Training Equipment
   8.6.4.3 Others
  8.6.5 Historic and Forecasted Market Size By End User
   8.6.5.1 Residential
   8.6.5.2 Commercial
  8.6.6 Historic and Forecasted Market Size By Distribution Channel
   8.6.6.1 Offline
   8.6.6.2 Online
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Refurbished Fitness Equipment Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Type
   8.7.4.1 Cardio Equipment
   8.7.4.2 Weight Training Equipment
   8.7.4.3 Others
  8.7.5 Historic and Forecasted Market Size By End User
   8.7.5.1 Residential
   8.7.5.2 Commercial
  8.7.6 Historic and Forecasted Market Size By Distribution Channel
   8.7.6.1 Offline
   8.7.6.2 Online
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research